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Notification: S. O. 923
Section(s) Referred: s. 10(23G)
Statute: INCOME TAX
Date of Issue: 24/3/1999
It is notified for general information that enterprise, listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1998-99, 1999-2000 and 2000-2001.
2. The approval is subject to the condition that—
(i) the enterprise will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 ;
(ii) the Central Government shall withdraw this approval if the enterprise:—
(a) ceases to carry on infrastructure facility ; or
(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962 ; or
(c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962.
3. The list of enterprises approved are as under:
(i) 220 mw. naphtha based power project and generation of power at Tanir Bavi, Mangalore, Karnataka of Tanir Bavi Power Company Pvt. Ltd., 25/1, Ground Floor, SKIP House, Museum Road, Bangalore-560 025.
[205/70/98-ITA-II]
(ii) Combined cycle captive co-generation power plant of 470 mw. capacity of Reliance Utilities and Power Ltd., 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai-400 021. [205/40/98/ITA-II]
(iii) 25 mw. liquid fuel based power project near Assam Kalan in Dist. Panipat in Haryana of Phoenix Power Development Corporation Ltd., 3rd Floor, Gopala Towers, 25, Rajendra Place, New Delhi.
[205/78/98/ITA-II]
(iv) Telecommunication (cellular) services in the circles of U.P. (East), Haryana and Rajasthan, under licence with the Department of Telecommunication, Government of India, of Aircel Digilink India Ltd., C-48, Okhla Industrial Area, Phase II, New Delhi-110 020.
[205/21/98/ITA-II]
(v) Project for construction/laying and use of captive port under agreement with Gujarat Maritime Board dated 15th September, 1998, of Reliance Ports and Terminals Ltd., Corporate Office, 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai-400 021.
[205/48/98/ITA-II]
(vi) 235 mw. combined cycle based power plant at Jagurupadu, Andhra Pradesh of GVK Industries Ltd., Kohinoor Road, No. 1, Banjara Hills, Hyderabad-500 034. [205/36/98/ITA-II]
(vii) Telecommunication services (cellular) in executing the licence granted by the Department of Telecommunication, Govt. of India, for operations in the State of Haryana, U.P. (West) and Kerala of Escotel Mobile Communications Ltd. (“Escotel”) A-36, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110 044. [205/51/98/ITA-II]
(viii) 578 mw. coalfired thermal power project at Bina, Madhya Pradesh of Bina Power Supply Co. Ltd., Birla Gram, Nagda-456 331, Madhya Pradesh. [205/75/99/ITA-II]
(ix) For project of construction of two additional units of 210 mw. each at RTPS of Karnataka Power Corporation Ltd., Shakthi Bhawan, No. 82, Race Course Road, Bangalore-560 001. [205/7/98/ITA-II]
(x) For the project for providing telephone services in Punjab Circle vide license No. 17-15/95-BSII/Punjab, dated 7-11-97 of Essar Commvision Ltd., 17th Floor, Essar House, Maharishi Keshavrao Khadave Marg, Mahalaxmi, Mumbai-400 034. [205/42/98/ITA-II]
(xi) For the project (a) Jojobera Power Plant with 2 x 120 mw. capacity, and (b) The Belgaon Power Plant with 81.3 mw. capacity of Tata Hydro Electric Power Supply Co. Ltd., The Tata Power Company Ltd., The Andhra Valley Power Supply Co. Ltd. and Tata Electric Companies, Bombay House, Homi Mody Street, Mumbai-400 001. [205/30/98/ITA-II]
[Notification No. 10836/F. No. 205/40/98-ITA-II]
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